Stock Market & Financial Investment News

Best Buy story still set to imrpove in 2014, says StifelStifel expects Best Buy to benefit from strategic moves and improved return on capital in 2014. The firm thinks the company's comps for the nine-week holiday period will be slightly below expectations, while its gross margins were likely pressured by promotions. However, the firm keeps a $48 price target and Buy rating on the shares.

Wal-Mart's Apple Pay competitor launching soon, Bloomberg saysCurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link